Bitcoin Drops to $67,000 in Thursday Trading Session

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Bitcoin (XBT/USD) dropped in trading on Thursday, now hovering around $67,000 per 1 BTC. The total market capitalization exceeds $3.5 trillion.

Bitcoin remains the dominant player, holding a market share of approximately 60-70%.

Ether (ETH/USD) is currently trading at around $1,900.

Ripple (XRP/USD) is valued at $1.40.

Top performers in terms of trading volume and market capitalization include:

- Bitcoin,

- Ethereum,

- USDT,

- Solana, BNB Chain, Dogecoin.

Crypto asset pricing is driven by the interplay of supply and demand on exchanges, where prices are set by buy and sell orders. Key influencing factors include limited supply, liquidity, technological updates, news events, regulatory measures (laws/bans), mining costs, market sentiment, and speculation. These elements contribute to high volatility due to the decentralized nature of the market and the absence of a single regulatory authority.

This analysis was provided by Alexey Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.